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Hearing Aid Clinics in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hearing Aid Clinics Market Research Report | Life Sciences | Healthcare Services | Mar 2016

All ears: An aging population and greater healthcare access will ring in demand

The Hearing Aid Clinics market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Amplifon USA Amplifon USA market share
Sonova Sonova market share
Starkey Starkey market share
William Demant William Demant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
2.9%
Annual Growth 16-21
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Profit
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Employment
11,728
Businesses
2,849
Industry Analysis & Industry Trends

The Hearing Aid Clinics industry is expected to grow during the five years to 2016. Following a multiyear drop during the recession, the industry has rebounded thanks to beneficial demographic trends, the expansion of private healthcare coverage and, ultimately, the improving economy. Because Medicare, the government-funded health insurance program that provides coverage for adults over the age of 65, does not cover hearing aids, out-of-pocket payments for industry products have remained important during the five years to 2016. Consequently, the rise in disposable income has benefited industry operators during this period. The persistence of current trends is expected to further grow the industry over the next five years.... purchase to read more

Industry Report - Industry Analysis Chapter

The Hearing Aid Clinics industry has heard good news during the past five years. Following a multiyear drop in demand during the recession, the industry has rebounded on account of beneficial demographic trends, the expansion of private healthcare coverage and ultimately, the improving economy. As a result, IBISWorld expects the industry to grow at an average annual rate of 2.9% to $2.2 billion during the five years to 2016. In 2016 alone, industry revenue is forecast to climb 2.8% as the Patient Protection and Affordable Care Act (PPACA) of 2010 leads to an expansion in the number of people with private health insurance for a third consecutive year after the implementation of most of the act’s major provisions by 2014... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hearing Aid Clinics Industry?

This industry retails hearing aids for consumers of all demographics and ages. Industry operators also frequently provide hearing tests and consultation services within the store.

Industry Products
Analog hearing aidsDigital hearing aidsBatteries and accessories
 
Industry Activities
Selling hearing aid devicesProviding audiology examinationsProviding hearing consultation services


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